The July 2023 report analyzes the Web Application and API Protection (WAAP) market, noting its growth as organizations shift from standalone DDoS, bot management, and WAF tools to integrated platforms defending against web-targeted and API-based attacks. WAAP adoption is driven by rising bot and API traffic, immature API security practices, and upcoming PCI DSS requirements for client-side code. Larger enterprises are expected to replace WAFs with WAAP, while smaller firms adopt next-gen WAFs with partial WAAP features. Vendors will expand via acquisitions and advanced capabilities like risk quantification.

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